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explain two theories of economic rent
what is the langrangian function
Features of monopolistic competition: Large number of firms in the industry. There are many small firms each supplying only a small share of the total market output. Hence, no
what is pure competition markets?
assumptions
Find the highest interest rate: There are 2 entrepreneurs, Sally and Paul. The return to their projects are given by: To finance the project, each entrepreneur needs
What are subsidies? Almost in all market systems, government plays its role to stabilize the price of certain commodities, which are of public interest like medicines and edib
EXCEPTIONAL SUPPLY
How to solve general equilibrium in pure exchange economy with 2 consumer and 3 commodities
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